Market Research Report
Remote Weapon Station - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||825592|
|Published||Content info||198 Pages
Delivery time: 2-3 business days
|Remote Weapon Station - Global Market Outlook (2017-2026)|
|Published: March 1, 2019||Content info: 198 Pages||
According to Stratistics MRC, the Global Remote Weapon Station Market accounted for $8.12 billion in 2017 and is expected to reach $24.76 billion by 2026 growing at a CAGR of 13.2% during the forecast period. Rising incidences of asymmetric warfare, new land warfare systems and high demand for military applications are some key factors influencing the market growth. However, high development cost of the stations is hampering the market growth.
Remote weapon station (RWS), is a remotely operated weaponized system often equipped with fire-control system for light and medium caliber weapons which can be installed on ground combat vehicle or sea and air-based combat platforms. Such equipment is used on modern military vehicles, as it allows a gunner to remain in the relative protection of the vehicle.
Based on Platform, land segment held significant market share during the forecast period owing to rising focus on close combat systems, demand for connected warfare systems, and growing soldier safety on a battleground. By geography, Europe is expected to grow at a faster rate due to continuous upgrade of warfare platforms with newer technologies.
Some of the key players in Remote Weapon Station market Raytheon Company, BAE Systems, ST Engineering , IMI Systems , General Dynamics Corporation, China North Industries Corporation (Norinco), Kongsberg Gruppen, Elbit Systems, Saab AB, Electro Optic Systems, Aselsan A.S., Rheinmetall AG, Moog, Leonardo - Societa Per Azioni and Fn Herstal.
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Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.